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Economic globalization is the interconnectivity of world economies and the interdependency of internal and external supply chains. [49] With the advancement of science and technology, the possibility of economic globalization is enabled even more. Economic factors have been defined by global boundaries rather than national.
Jihad vs. McWorld: How Globalism and Tribalism Are Reshaping the World is a 1995 book by American political scientist Benjamin Barber, in which he puts forth a theory that describes the struggle between "McWorld" (globalization and the corporate control of the political process) and "Jihad" (Arabic term for "struggle", here modified to mean tradition and traditional values, in the form of ...
Globalization can be seen as a new form of colonization or imperialism, as economic inequality and the rise in unemployment have followed with its implementation. Globalization has been criticized for benefiting those who are already large and in power at the cost of endangering the countries’ indigenous population.
Cultural globalization creates a more efficient society while also limiting how it can operate. Anna Tsing , an American anthropologist, explains that Friction makes global connections between cultures effective while also preventing globalization from being a smooth transition of power.
McDonald's is commonly seen as a symbol of globalization, often called McDonaldization of global society. Globalization has strongly influenced sports. [91] For example, the modern Olympic Games has athletes from more than 200 nations participating in a variety of competitions. [92]
The World Is Flat: A Brief History of the Twenty-First Century is a 2005 book by American political commentator Thomas L. Friedman.It analyzes globalization in the early 21st century, suggesting that the world has a level playing field where countries, companies, and individuals need to remain competitive in a global market.
Globalization is sometimes perceived as a cause of a phenomenon called the "race to the bottom" that implies that to minimize cost and increase delivery speed, businesses tend to locate operations in countries with the least stringent environmental and labor regulations. Pressure to do this is increased if competitors lower costs by the same means.
The book deals mainly with the effects of globalization. It describes a growing social divide as a result of "delimitation" of the economy and a loss of political control by the state over the economic development, which is increasingly controlled by global corporations. The authors warn of a so-called "20-to-80-society". [3]